Kathmandu. FY 2082. Non-life insurance companies have earned a profit of Rs 2.72 billion in the fourth quarter of 2018-19. According to the company’s financial report, the company earned a net profit of Rs 2.72 billion in the review period. The company had posted a net profit of Rs 4.43 billion in the same quarter last year. Compared to the same period last year, the profit of all the companies except Prabhu Insurance has decreased.
Prabhu TAG_OPEN_strong_30 Insurance Company is the only company that has made a profit in the current fiscal year. The company has been able to increase its profit at a time when the profit of all non-life insurance companies has decreased. The company earned a net profit of Rs 24.64 crore during the period. The company had posted a net profit of Rs 20.98 crore in the same quarter last year. The company’s profit increased by 20 percent compared to the previous year.
During this period, the National Insurance Company has been in loss. During the period, the insurance company incurred a loss of Rs 13.10 crore. The company had posted a loss of Rs 15.07 crore in the same quarter last year.
Oriental Insurance Company (LIC) has earned the highest profit of Rs 49.04 crore in the review period. The company had posted a net loss of Rs 11.76 crore in the same quarter last year.
The National Insurance Company is in second place. During the review period, the company earned a net profit of Rs 34.44 crores. The company had posted a net profit of Rs 42.76 crore in the same quarter last year. The company’s profit decreased by 19.46 percent in the review period compared to the previous year.
In the review period of the last FY, the insurance company has earned a net profit of Rs 33.78 crore. The company had posted a net profit of Rs 53.23 crore in the same quarter last year. The company’s profit decreased by 36.53 percent compared to the previous year.
Siddhartha Premier Insurance Company has earned a net profit of Rs 32.68 crore in the review period of the last FY. The company had posted a net profit of Rs 75.57 crore in the same quarter last year. Compared to the previous year, the profit decreased by 56.75 percent.
Sagarmatha Lumbini Insurance Company has earned a net profit of Rs 31.30 crore in the same quarter last FY. The company had posted a net profit of Rs 40.32 crore in the same quarter last year. The company’s net profit fell by 22.35 percent compared to the same period last year.
Neco Insurance Company has earned a net profit of Rs 28.83 crore in the same quarter last year. The company had posted a net profit of Rs 57.88 crore in the same quarter last year. The company’s profit decreased by 50.19 percent compared to the previous year.
Shikhar Insurance Company has earned a net profit of Rs 13 crore in the same quarter last FY. The company had posted a net profit of Rs 45.20 crore in the same quarter last year. The company’s profit fell by 71 percent compared to the previous year.
Sanima GIC Insurance Company has earned a net profit of Rs 13 crore in the same quarter last FY. The company had posted a net profit of Rs 33.67 crore in the same quarter last year. The company’s net profit fell by 61 percent compared to the same period last year.
Nepal Insurance Company (NIC) has earned a net profit of Rs 12.75 crore in the same quarter last year. The company had posted a net profit of Rs 31.64 crore in the same quarter last year. The company’s profit fell 59 percent compared to the previous year.
United Ajod Insurance Company has earned a net profit of Rs 6.30 crore in the review period. The company had posted a net profit of Rs 17.80 crore in the same quarter last year. The company’s profit fell by 64 percent compared to the previous year.
NLG Insurance Company has earned a net profit of Rs 5.78 crore in the same quarter of the last FY. The company had posted a net profit of Rs 15.33 crore in the same quarter last year. The company’s profit fell by 62 percent compared to the previous year.
IGI Prudential Insurance Company has earned a net profit of Rs 40.38 crore in the corresponding period of the last FY. The company had posted a net profit of Rs 36.49 crore in the same quarter last year. The company’s profit fell by 98 percent compared to the same period a year ago.
